look at gdx/nugt lol....im up 15% from my entry this morning and GC is down, can you imagine if GC is up in the coming days what will happen??
What you say could happen but it looks weak to me. Fell below a rising wedge (bearish) and retesting the trend line. It'll go up, or it'll go down!
Today's Market Thoughts Indecision day at critical levels. We have to keep our thoughts as flexible as possible here. Could break one way or the other and we are in chop
MGT Capital Investments (MGT) topped out at $5.58 before crashing 55% yesterday. MGT will have support between $2.10-$2.30.
Yes the numbers are not changing much...that happens in chop #ES_F $ES_F #SPY levels to watch 2048 / / 2036.75 / / 2025.50
If the market wants to repair some technical damage, today is the day to do it. I would think we need to climb up towards Wednesday's high. My gut is telling me that today is going to provide some rally relief into the weekend.
Looks to me like we are forming a down channel on the ES. After our last rise, could just be a flag formation. But if we break out to new highs this year, we may see ourselves going back to 2008.
For as long as I can remember the market has moved higher on low volume and people have taken this as a sign that it's artificially high. Get used to it.
